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Eichberger, Jurgen; Kelsey, David; Schipper, Burkhard C. - Business School, University of Exeter - 2005

We present a non-technical account of ambiguity in strategic games and show how it may be applied to economics and social sciences. Optimistic and pessimistic responses to ambiguity are formally modelled. We show that pessimism has the e?ect of increasing (decreasing) equilibrium prices under...

Persistent link: https://www.econbiz.de/10008852506

Granny Versus Game Theorist: Ambiguity in Experimental Games

Eichberger, Jürgen; Kelsey, David; Schipper, Burkhard - In: Theory and Decision 64 (2008) 2, pp. 333-362

Persistent link: https://www.econbiz.de/10005678352

Ambiguity and Social Interaction

Eichberger, Jürgen; Kelsey, David; Schipper, Burkhard - Sonderforschungsbereich 504 "Rationalitätskonzepte, …; … - 2007

We present a non-technical account of ambiguity in strategic games and show how it may be applied to economics and social sciences. Optimistic and pessimistic responses to ambiguity are formally modelled. We show that pessimism has the effect of increasing (decreasing)equilibrium prices under...

Persistent link: https://www.econbiz.de/10005628226

Ambiguity and Social Interaction

Eichberger, Jürgen; Kelsey, David; Schipper, Burkhard - Sonderforschungsbereich 504 "Rationalitätskonzepte, …; … - 2003

We examine the impact of ambiguity on economic behaviour. We present a relatively non-technical account of ambiguity and show how it may be applied in economics. Optimistic and pessimistic responses to ambiguity are formally modelled. We show that pessimism has the effect of increasing...

Persistent link: https://www.econbiz.de/10005761123

Ambiguity and Social Interaction

Eichberger, Jürgen; Kelsey, David; Schipper, Burkhard C. - Volkswirtschaftliche Fakultät, … - 2005

We present a non-technical account of ambiguity in strategic games and show how it may be applied to economics and social sciences. Optimistic and pessimistic responses to ambiguity are formally modelled. We show that pessimism has the effect of increasing (decreasing) equilibrium prices under...

Persistent link: https://www.econbiz.de/10005785837

Ambiguity and social interaction

Eichberger, Jürgen; Kelsey, David; Schipper, Burkhard C. - In: Oxford Economic Papers 61 (2009) 2, pp. 355-379

A decision-maker is said to have an ambiguous belief if it is not precise enough to be represented by a single probability distribution. The pervasive assumption in game theoretic models in economics is that players' beliefs are unambiguous. This paper argues, drawing on examples from economics...

Persistent link: https://www.econbiz.de/10005564322

Ambiguity and Social Interaction

Eichberger, Jürgen; Kelsey, David; Schipper, Burkhard C. - Alfred-Weber-Institut für Wirtschaftswissenschaften, … - 2007

We present a non-technical account of ambiguity in strategic games and show how it may be applied to economics and social sciences. Optimistic and pessimistic responses to ambiguity are formally modelled. We show that pessimism has the effect of increasing (decreasing) equilibrium prices under...

Persistent link: https://www.econbiz.de/10005150940

Non-additive beliefs and game theory

Eichberger, J.; Kelsey, D. - Tilburg University, Center for Economic Research - 1994

Persistent link: https://www.econbiz.de/10011092148

Uncertainty and Strategic Interaction in Economics.

Eichberger, J.; Kelsey, D. - Department of Economics, University of Birmingham - 1999

The endogeneity of equilibrium strategies makes modelling uncertainty about the behaviour of other economic players difficult. Recent developments in decision and game theory offer an opportunity to include strategic uncertainty as an explanatory variable in economic analysis. This paper...

Persistent link: https://www.econbiz.de/10005086687

Uncertainty Aversion and Preferences for Randomisation.

Eichberger, J.; Kelsey, D. - Department of Economics, Faculty of Business and Economics - 1995

Persistent link: https://www.econbiz.de/10005587724